Jul 3, 2020

5 tried-and-true tools for entrepreneurs dealing with crisis

In times of crisis and uncertainty, entrepreneurs are more likely to look outside of themselves for answers. Desperation makes the idea of a playbook—a quick-fix rule sheet outlining what worked for someone else in the marketplace—even more appealing. But we need to resist the temptation to check our creativity at the door. In this environment of high disruption, when all the rules have suddenly changed, it is more important than ever to ditch the playbook and focus on the toolkit instead.

There are three reasons to toss out the playbook. First, anything that has already been disclosed lacks an essential element of surprise. In sports, a play is successful when it is so novel—so innovative and unexpected—that no one sees it coming. By this logic, following someone else’s playbook inherently lacks ingenuity.

This leads to the second problem with playbooks: They invite copycats and crowd the space with imitator competition.

Read the full story on Fast Company

More from Daniel

2022 High Point University Commencement Address

Today, I want to talk about a light and fluffy subject: your generation’s role in steering humanity in the right direction. No pressure, Dalton. 

But in all seriousness, Dalton, I love what you shared about “leaving everywhere you go better than you found it…and finding ways to give grace and inspiration to the people around you.”  

I want to talk today about HOW to do that as you are all simultaneously challenged and blessed with graduating as our world is re-entering a stage of dramatic consequence. 

The ship of humanity is moving in the wrong direction, and it will be upon all of you to steer it back on track. 

To illustrate this point, I want to compare the circumstances when my father’s generation came of age, to those when my generation and your generation graduated from college. 

My father was fifteen-and-a-half when he was liberated from the Dachau concentration camp by American soldiers. He was barely alive.  He never got to go to school past third grade, let alone college. Several of your grandparents were around your age when they were sent to free Europe from tyranny and darkness. 

By contrast, when I was fifteen years-old, my family immigrated to America from Mexico. I was able to attend college during a period when passionate but cordial debate was the norm. I remember observing political leaders vehemently disagree on a particular topic, while maintaining a friendship rooted in respect. Our world was far from perfect – but the arc of human progress trended in an upward direction. Freedom, open markets, human rights, civility, and the quest for knowledge were all advancing.  

It seemed almost too good to be true.  In fact, it was so good that we began to lose sight that Our Great American Experiment isn’t so much a fixed state of affairs as it is a purposeful daily affirmation – something that we opt into, live out, and vote for not once every four years, but every single day – through how we engage with one another. 

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Understanding the Tricky Balance When Launching Social Startups

At a time when our world is facing unprecedented challenges, from climate change to political polarization to a global pandemic, entrepreneurs and nongovernmental organization (NGO) leaders cannot afford to operate in silos. Entrepreneurs possess resourcefulness, creativity, and initiative; heads of nonprofit organizations are equipped with depth of knowledge, purpose, and the patient determination that comes with that purpose. Together, these partners can turbocharge impact if they properly calibrate their respective contributions to create new social enterprises.

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Both Sides Are Minimizing Violence. Americans Must Fight for Our Nation

Shocking news emerged this week from the bipartisan committee investigating the January 6 attack: On that dark day, Fox News hosts and former-President Donald Trump’s son sent text messages begging for Trump to address the nation and stop the violent riot. Yet many Republicans continue to downplay the insurrection that dangerously undermined electoral integrity and the rule of law and threatened our democracy.

But minimizing violence isn’t only happening on the Republican side. From Philadelphia to Los Angeles, District Attorneys promoting an anti-police narrative and lax crime-fighting policies have contributed to an alarming rise in homicides and spiraling crime rates. Yet despite the skyrocketing crime in liberal bastions, many of us have family and friends living in these cities who refuse to accept that controversial policies to suspend prosecution for many crimes may have played a role in the violent wave.

There is no comparing an attempted insurrection with day to day crime; one is significantly worse, and a much bigger threat to our democracy. But both sides are suffering from a partisan blindness that has led to minimizing any violence that appears to implicate their leaders. And it presents a huge threat to our country.

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